“As at 31 December 2023, NNPC Limited holds a 7.25 per cent interest in DPRP FZE,” the NNPC Ltd said in its report.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has explained why it reduced its stake in the Dangote Refinery.
The NNPC Ltd, in its 2023 audited financial statement, said in September 2021, it proposed to acquire 20 per cent interest in Dangote Petroleum Refinery and Petrochemicals Free Zone Enterprise (DPRP FZE).
It explained that the interest, worth $2.76 billion, was…
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